Deltron Manufacturing Announces Key Customer Win, New Product & Entry Into New Market
19 Juillet 2010 - 10:00AM
Business Wire
Deltron, Inc. (OTCBB:DTRO) is pleased to announce a new customer
win for its growing manufacturing division. Deltron’s wholly owned
Elasco, Inc. subsidiary has been selected to provide high end
polyurethane wheels to Matthews Studio Equipment, Inc., a leading
global supplier of lighting and camera hardware to the
entertainment industry.
Burbank, California-based Matthews Studio Equipment designs and
manufactures specialized lighting and camera equipment for motion
picture, television, photographic and theatrical production. The
39-year-old company has an excellent reputation as a leader in its
field, supplying high quality equipment to customers in more than
sixty countries.
Matthews was encountering a vibration problem with the dollies
that carry film cameras across segmented tracks that could affect
the picture quality. The weight of the camera, cameraperson and
equipment was thought to cause Matthews’ former dolly wheels to
flatten slightly between shots, creating a condition called
compression set. Compression set can cause vibration when the gear
starts to roll. Deltron’s Elasco was able to create a proprietary
polyurethane formulation, and wheel design strong enough to prevent
compression set and absorb any shocks, enabling the dolly to roll
smoothly. The new high performance wheels can also withstand heat,
weight, weather and other extreme film set conditions.
Henry Larrucea, Deltron CEO, commented: “Being selected as the
vendor of choice by a company known in the entertainment industry
for its high quality equipment is extremely gratifying. Matthews
presented us with a very rigorous set of specifications and we were
able to design and produce new wheels that meet their needs. At
Deltron we are proud of our engineering, formulation and
manufacturing capabilities and excited to have access to a new
market for our products.”
Deltron’s Elasco is a polyurethane and plastics design, molding
and manufacturing company that has been serving customers since
1979. As reported, between January and June of 2010 Deltron’s
wholly owned subsidiary generated a 60% increase in revenue over
the same period last year. Sales have increased in the first six
months of the year due in large part to increases in orders from
recreational products providers. With new sales to companies like
Matthews, Deltron believes it is on track to continue to increase
revenue this year.
About Deltron, Inc. (DTRO.OB)
Deltron acquires profitable businesses with strong management
teams, substantial revenue and established market positions. Wholly
owned subsidiary Blu Vu is a developer of proprietary closed
circuit rebreather technology and components that go beyond
conventional scuba systems to enable commercial and recreational
divers to go deeper, stay underwater longer and recover faster.
Wholly owned Elasco is a proven innovator in product manufacturing
with a 30-year operating history, diverse customer base and
vertically integrated manufacturing facility in Garden Grove,
California.
This Press Release may contain certain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. DTRO has tried, whenever possible, to identify
these forward-looking statements using words such as "anticipates",
"believes", "estimates", "expects", "plans", "intends", "potential"
and similar expressions. These statements reflect DTRO’s current
beliefs and are based upon information currently available to
it.
Accordingly, such forward looking statements involve known and
unknown risks, uncertainties and other factors which could cause
the DTRO’s actual results, performance or achievements to differ
materially from those expressed in or implied by such statements.
DTRO undertakes no obligation to update or advise in the event of
any change, addition or alteration to the information catered in
this Press Release including such forward-looking statements.
Deltron (CE) (USOTC:DTRO)
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